News

NLMK Group develops digital business transformation

NLMK Group, a global steel company, is pleased to announce the appointment of Dmitry Kholkin to the newly created position of Vice President of Digital Transformation.

The key goal for Dmitry and his team will be to use advanced data analysis tools and other digital technologies to develop the Company’s production and support processes. Dmitry will be in charge of data analysis and modelling, the IT production management system, and process automation.

Grigory Fedorishin, NLMK Group President and CEO, said:

“Digital technologies are one of the tools that enable NLMK Group to retain and consolidate its leadership in efficiency. Dmitry Kholkin, a top-level professional with many years of experience in IT at leading Russian and international companies, is joining the NLMK team to develop this tool. It’s an interesting and challenging task focused not only on technologies, but even more so on developing the Company’s human capital.”

Dmitry Kholkin’s background

Prior to joining NLMK Group, Dmitry Kholkin was Chief Information Officer at Tele2, a telecom company; at X5 Retail Group, Russia’s largest retail network; and worked at Wrigley – Mars, the global food production company. Dmitry has an accomplished track record in developing IT strategies, in implementing a variety of IT solutions based on best practices, and in building professional teams. For instance, he developed and implemented a new IT strategy, decentralized the IT operating model, and led a large-scale SAP HANA platform implementation at X5 Retail Group. Dmitry graduated from State University of Management, Management Information Systems.

About NLMK Group

NLMK Group is the largest steelmaker in Russia and one of the most efficient in the world.

NLMK Group’s steel products are used in various industries, from construction and machine building to the manufacturing of power-generation equipment and offshore windmills.

NLMK operates production facilities in Russia, Europe and the United States. The Company’s steel production capacity exceeds 17 million tonnes per year.

NLMK has the most competitive cash cost among global manufacturers and one of the highest profitability levels in the industry. In H1 2018, the Company generated $5.9 billion in revenue and $1.7 billion in EBITDA. As of 30 June 2018, Net debt/EBITDA stood at 0.31х. The company has investment grade credit ratings from S&P, Moody’s, Fitch, and RAEX (Expert RA).

NLMK’s ordinary shares with a 16% free-float are traded on the Moscow Stock Exchange (ticker "NLMK") and its global depositary shares are traded on the London Stock Exchange (ticker "NLMK:LI"). The share capital of the Company is divided into 5,993,227,240 shares with a par value of RUB1. For more details on NLMK shareholder capital, please follow the link.

The jury of the prestigious S&P Platts Global Metals Awards held by S&P Global Platts, a leading international industry analytical periodical, announced NLMK Group as winner of the Industry Leadership Awards – Steel in 2016, and awarded it the CEO of the Year in 2018.